Reliance Industries
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Equity indices hold firm, pharma and financial stocks up
News | May 20, 2020, 06:39 PM ISTEquity benchmark indices gained for the second consecutive day on Wednesday as heavy buying was witnessed in pharma and financial stocks.
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Eight of top-10 firms including TCS, HDFC lose Rs 2.50 lakh cr in m-cap
Business | May 10, 2020, 11:48 AM ISTEight of the 10 most valued Indian companies lost Rs 2,50,825.28 crore in market valuation last week, with TCS and HDFC twins taking the biggest hit. In the top-10 list, only Reliance Industries Ltd and Bharti Airtel managed to close the trading week with gains.
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After Facebook, Silver Lake invests Rs 5,656 cr in Reliance Jio
Business | May 04, 2020, 09:07 AM ISTDays after Facebook, private equity firm Silver Lake said it will invest 56.56 billion rupees ($746.74 million) in Reliance Industries's digital arm, giving it a valuation of 4.90 trillion rupees.
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Reliance Chairman Mukesh Ambani to forego entire salary
India | Apr 30, 2020, 05:42 PM ISTMukesh Ambani, chairman of the Reliance Industries, has decided to forego all his remuneration. With this, India's largest company will also cut the salary of most of its employees by 10 to 50 percent.
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Reliance Group companies' shares worth over Rs 3.3 cr sold through open market transactions
Business | Apr 23, 2020, 10:24 PM ISTAnil Ambani-led Reliance Group companies' shares worth over Rs 3.31 crore were offloaded through open market transactions on Thursday.
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Six of top-10 firms lose Rs 95,432 cr in m-cap; Reliance takes biggest hit
Business | Mar 08, 2020, 10:29 AM ISTSix of the 10 most valued domestic companies suffered a combined erosion of Rs 95,432.26 crore in market valuation last week, dragged down by Reliance Industries Limited (RIL) and HDFC Bank amid a bearish trend in the broader market.
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Reliance Retail acquires Shri Kannan Departmental Store
Business | Mar 05, 2020, 11:48 AM ISTReliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL), has acquired 100 per cent stake in Tamil Nadu-based Shri Kannan Departmental Store Private Limited for Rs 152.5 crore.
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Ten most valued firms lose Rs 3.35 lakh cr in m-cap as markets plummet
Business | Mar 01, 2020, 05:58 PM ISTThe ten most valued domestic firms together lost a massive Rs 3.35 lakh crore from their market capitalization last week, as the equity markets witnessed massive sell-off amid fears of coronavirus outbreak turning into a pandemic.
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Mukesh Ambani, the richest Indian, made Rs 7 crore every hour in 2019
Business | Feb 27, 2020, 01:30 PM ISTWith USD 67 billion, Ambani is also the ninth richest in the world which is topped by Jeff Bezos of Amazon with USD 140 billion. The second in the list is SP Hinduja family (USD 27 billion), Gautam Adani (a little over USD 17 billion), Shiv Nadar & family (close to USD 17 billion), and Lakshmi Mittal with over USD 15 billion in networth.
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RELIANCE drops, shares of three group entities surge on consolidation move
India | Feb 18, 2020, 01:58 PM ISTReliance Industries Ltd (RIL) shares traded marginally lower by 0.91 per cent on Tuesday after the company announced a consolidation of all its media and distribution businesses under the flagship 'Network18'.
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Reliance Industries' new hyperlocal store format to aid new commerce initiative
Business | Feb 06, 2020, 05:03 PM ISTThe company announced the launch of new format grocery stores – SMART Point, which are purported to complement the JioMart initiative.
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Mukesh Ambani richer by $17 billion in 2019. Here's a look at wealth of Asia's richest man
Business | Dec 24, 2019, 03:20 PM ISTMukesh Ambani, Chairman and Managing Director of Reliance Industries and Asia’s richest man just added almost $17 billion to his wealth as of December 23, the most in Asia, taking his net worth to about $60 billion, according to the Bloomberg Billionaires Index. According to Forbes magazine, Mukesh Ambani is the 10th richest man in the world as of December 2019.
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Delhi High Court asks Mukesh Ambani's RIL, BG to disclose assets
Business | Dec 21, 2019, 11:07 PM ISTThe Delhi High Court has asked Reliance Industries (RIL) and British Gas (BG) to disclose their assets on the central government's plea for directions to both companies not to dispose of their assets.
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Equities trade higher in opening deals ahead of RBI policy decision
Business | Dec 05, 2019, 09:59 AM ISTThe 30-share BSE Sensex was trading higher by 84.17 points at 40,934.46 in opening deals; while the broader 50-share NSE Nifty was up by 21.95 points at 12,065.15. The Sensex gains were driven by heavyweight Reliance Industries, followed by automakers like Heromoto Corp and Tata Motors.
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Sensex up 280 points in early trade; Bharti Airtel jumps 8 pc, RIL 3 pc
Business | Dec 02, 2019, 10:28 AM ISTThe biggest index contributor RIL, jumped over 3 per cent on the Nifty and Bharti Airtel as much as 8 per cent, but overall 34 scrips Nifty50 stocks traded in the red while only 16 advanced during the early trade.
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RIL becomes first Indian firm to hit ₹ 10 lakh crore m-cap mark
Business | Nov 28, 2019, 12:11 PM ISTLast month, RIL had added another feather to its cap by becoming the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade. In August 2018, RIL became the first domestic firm to cross the Rs 8 lakh crore mark in terms of market valuation.
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Mukesh Ambani's RIL creates history, hits ₹ 9 lakh crore m-cap
Business | Oct 18, 2019, 12:51 PM ISTBillionaire Mukesh Ambani's Reliance Industries (RIL) on Friday added another feather to its cap and became the first Indian firm to hit the Rs 9 lakh crore market valuation mark. During late morning trade on BSE, the company's market capitalisation (m-cap) was Rs 9,01,490.09 crore.
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Meet world's richest family who gets richer by Rs 28 crore every hour, Rs 707 crore per day
Business | Aug 14, 2019, 02:44 PM ISTBloomberg's ranking of the world’s richest families is out and has revealed how heirs at the top of the list are watching their fortunes grow by millions of dollars every hour. The Walton family of Walmart is the richest family in the world, with a total family wealth of $191 billion, according to Bloomberg’s most recent financial report.
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Sensex drops over 200 points, Nifty on 11,050; Reliance Industries gains 8% post AGM
Business | Aug 13, 2019, 10:30 AM ISTDomestic equity benchmark BSE Sensex surged over 200 points in early trade on Tuesday, dragged by losses in index heavyweights HDFC twins, Infosys and ITC, amid weak global cues. However, Reliance Industries (RIL) shared capped the losses on the index by rallying over 8 per cent, a day after its 42nd Annual General Meet (AGM).
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BP to pay Rs 7,000 cr for 49 pc stake in Reliance's fuel retail network
Business | Aug 12, 2019, 01:17 PM ISTBritish energy giant BP will pay about Rs 7,000 crore for acquiring a 49 per cent stake in Reliance Industries' fuel retailing network, billionaire Mukesh Ambani said on Monday.